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| Section | Weight | Objectives |
|---|---|---|
| Reporting, Integration, and Maintenance | 20% | - Integration and Maintenance
|
| Payments and Disbursements | 25% | - Reconciliation and Accounting
|
| Payables Configuration and Setup | 30% | - Configure Payables System Options
|
| Invoice Processing and Management | 25% | - Prepayments and Expense Invoices
|
Your intercompany transaction type is active and enabled for invoicing. What are the two prerequisites to generate intercompany receivables and intercompany payable transactions after the Generate Intercompany Allocations process is run?
Correct Answer: D,E 🗳️
A company makes the payment in a currency different from the invoice and ledger currency. What setup options are required to make the cross currency rate type the default?
Correct Answer: E 🗳️
Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).
You need to have your invoice line automatically distributed across multiple cost centers. For example, you want your monthly utility bill allocated across multiple cost centers based on a percentage.
Which two are valid methods to achieve this?
Correct Answer: A,C 🗳️
A company is centralizing their payment processing using the service provider model.
Which reporting level has to be used to run the Prepare Payables to General Ledger Reconciliation report?
Correct Answer: B 🗳️
Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).
Which three are Invoice Header attributes that can be used during invoice approval rule creation? (Choose three.)
Correct Answer: A,C,E 🗳️
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